Is "Dr Doom" Marc Faber a perma bear? http://www.marketwatch.com/news/sto...EB9-4ABC-89D0-A074A63DD895}&dist=MostReadHome
This is not positive......................... Australia interbank rates spike as credit dries up Mon Mar 10, 2008 12:25am EDT http://www.reuters.com/article/marketsNews/idINSYD15951920080310?rpc=611
Of course it's good news. It's Capitalism at work. Risk premiums are being revalued. Once the damage is done, I wonder if we'll do away with credit ratings and instead have Investment Banks and Investors do their own independent and private evaluation. You had a good run S&P, but you lost all integrity.
Good post. While all this is happening broking houses down here are telling people to buy..buy..buy..BUY!!! the oversold financials. Ya gotta laugh!